California State Teachers Retirement System Sells 3,362 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

California State Teachers Retirement System lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,802 shares of the company's stock after selling 3,362 shares during the period. California State Teachers Retirement System owned 0.10% of Charter Communications worth $50,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caprock Group LLC boosted its holdings in shares of Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after acquiring an additional 999 shares in the last quarter. Makaira Partners LLC raised its position in Charter Communications by 4.0% in the fourth quarter. Makaira Partners LLC now owns 373,191 shares of the company's stock valued at $127,919,000 after purchasing an additional 14,510 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Charter Communications by 213.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company's stock valued at $9,030,000 after purchasing an additional 17,952 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Charter Communications by 3.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company's stock valued at $1,696,000 after purchasing an additional 161 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Charter Communications during the fourth quarter worth about $33,485,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 0.8%

Shares of NASDAQ:CHTR traded down $3.18 during midday trading on Friday, reaching $392.63. The company's stock had a trading volume of 1,829,863 shares, compared to its average volume of 1,273,575. Charter Communications, Inc. has a fifty-two week low of $272.49 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a 50 day moving average price of $375.74 and a two-hundred day moving average price of $367.58. The firm has a market capitalization of $55.11 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. Charter Communications's quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $7.55 earnings per share. As a group, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Wells Fargo & Company upped their price target on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Royal Bank of Canada raised their price target on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Oppenheimer raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a research note on Friday, May 16th. Finally, Citigroup increased their price objective on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a report on Monday, April 28th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $409.39.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.